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Savers deposit £12k

A TOTAL of 165 people in the region have signed up for the Government’s new savings account – Help to Save – depositing nearly £12,842 between them.

The account, available to working people on lower incomes, offers a 50 per cent bonus, with Help to Save rewarding savers an extra 50p for every £1 saved. So far, 165 accounts have been opened in Dumfries and Galloway, with 388 payments made.

Encouraging more people to sign up, John Glen, Economic Secretary to the Treasury, said: “Savings shouldn’t be a luxury, they are an essential part of planning for the future. Help to Save is designed to make saving possible for everyone.”

Help to Save is available to working people on tax credits and Universal Credit.